Dicks Receivables Turnover vs Operating Income Analysis

DKS Stock  USD 224.86  2.27  1.02%   
Dicks Sporting financial indicator trend analysis is much more than just examining Dicks Sporting Goods latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dicks Sporting Goods is a good investment. Please check the relationship between Dicks Sporting Receivables Turnover and its Operating Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dicks Sporting Goods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.

Receivables Turnover vs Operating Income

Receivables Turnover vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dicks Sporting Goods Receivables Turnover account and Operating Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Dicks Sporting's Receivables Turnover and Operating Income is -0.24. Overlapping area represents the amount of variation of Receivables Turnover that can explain the historical movement of Operating Income in the same time period over historical financial statements of Dicks Sporting Goods, assuming nothing else is changed. The correlation between historical values of Dicks Sporting's Receivables Turnover and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Receivables Turnover of Dicks Sporting Goods are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Receivables Turnover i.e., Dicks Sporting's Receivables Turnover and Operating Income go up and down completely randomly.

Correlation Coefficient

-0.24
Relationship DirectionNegative 
Relationship StrengthInsignificant

Receivables Turnover

Operating Income

Operating Income is the amount of profit realized from Dicks Sporting Goods operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Dicks Sporting Goods is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most indicators from Dicks Sporting's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dicks Sporting Goods current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dicks Sporting Goods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
Selling General Administrative is likely to gain to about 2.9 B in 2024, whereas Tax Provision is likely to drop slightly above 243.1 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit4.7B4.3B4.5B4.8B
Total Revenue12.3B12.4B13.0B13.6B

Dicks Sporting fundamental ratios Correlations

0.630.970.440.920.150.970.95-0.90.990.980.931.0-0.260.820.860.870.18-0.090.960.940.970.260.870.960.86
0.630.60.070.730.580.460.69-0.380.550.630.570.660.220.870.450.350.710.460.60.410.570.570.330.570.45
0.970.60.410.870.090.940.94-0.860.970.90.880.98-0.260.820.740.770.14-0.120.90.921.00.280.920.920.74
0.440.070.410.27-0.560.60.29-0.590.530.470.320.42-0.580.40.590.6-0.34-0.710.430.620.420.040.560.410.59
0.920.730.870.270.410.810.93-0.770.870.920.950.92-0.040.760.760.770.360.220.90.780.850.210.680.910.76
0.150.580.09-0.560.41-0.060.250.190.030.180.190.160.450.230.06-0.040.680.950.11-0.10.050.39-0.20.090.06
0.970.460.940.60.81-0.060.87-0.930.990.940.870.95-0.440.740.880.92-0.02-0.310.920.990.950.180.930.920.88
0.950.690.940.290.930.250.87-0.870.910.920.930.95-0.040.790.70.780.370.050.910.830.930.250.810.960.7
-0.9-0.38-0.86-0.59-0.770.19-0.93-0.87-0.92-0.89-0.89-0.870.31-0.63-0.78-0.92-0.020.39-0.89-0.91-0.870.04-0.87-0.95-0.78
0.990.550.970.530.870.030.990.91-0.920.960.90.98-0.360.790.870.90.07-0.220.940.980.970.230.910.940.87
0.980.630.90.470.920.180.940.92-0.890.960.930.96-0.260.780.920.920.2-0.070.970.920.90.230.790.950.92
0.930.570.880.320.950.190.870.93-0.890.90.930.92-0.160.670.790.860.220.010.950.840.88-0.010.760.970.79
1.00.660.980.420.920.160.950.95-0.870.980.960.92-0.210.850.830.830.21-0.070.960.920.970.310.850.950.83
-0.260.22-0.26-0.58-0.040.45-0.44-0.040.31-0.36-0.26-0.16-0.21-0.03-0.45-0.420.590.53-0.2-0.54-0.30.28-0.52-0.16-0.45
0.820.870.820.40.760.230.740.79-0.630.790.780.670.85-0.030.650.570.410.020.770.710.80.620.640.720.65
0.860.450.740.590.760.060.880.7-0.780.870.920.790.83-0.450.650.92-0.02-0.210.880.880.740.180.670.791.0
0.870.350.770.60.77-0.040.920.78-0.920.90.920.860.83-0.420.570.92-0.01-0.30.870.910.78-0.020.770.890.92
0.180.710.14-0.340.360.68-0.020.37-0.020.070.20.220.210.590.41-0.02-0.010.660.2-0.090.10.39-0.130.23-0.02
-0.090.46-0.12-0.710.220.95-0.310.050.39-0.22-0.070.01-0.070.530.02-0.21-0.30.66-0.11-0.34-0.160.23-0.39-0.12-0.21
0.960.60.90.430.90.110.920.91-0.890.940.970.950.96-0.20.770.880.870.2-0.110.890.90.160.770.960.88
0.940.410.920.620.78-0.10.990.83-0.910.980.920.840.92-0.540.710.880.91-0.09-0.340.890.940.130.940.880.88
0.970.571.00.420.850.050.950.93-0.870.970.90.880.97-0.30.80.740.780.1-0.160.90.940.250.940.910.74
0.260.570.280.040.210.390.180.250.040.230.23-0.010.310.280.620.18-0.020.390.230.160.130.250.090.080.18
0.870.330.920.560.68-0.20.930.81-0.870.910.790.760.85-0.520.640.670.77-0.13-0.390.770.940.940.090.820.67
0.960.570.920.410.910.090.920.96-0.950.940.950.970.95-0.160.720.790.890.23-0.120.960.880.910.080.820.79
0.860.450.740.590.760.060.880.7-0.780.870.920.790.83-0.450.651.00.92-0.02-0.210.880.880.740.180.670.79
Click cells to compare fundamentals

Dicks Sporting Account Relationship Matchups

Dicks Sporting fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.6B7.8B9.0B9.0B9.3B9.8B
Total Stockholder Equity1.7B2.3B2.1B2.5B2.6B1.3B
Non Current Assets Total4.2B4.0B3.9B4.0B4.4B4.6B
Non Currrent Assets Other133.9M155.6M202.9M230.2M185.7M113.8M
Other Assets148.3M207.1M237.9M271.4M312.2M327.8M
Common Stock Shares Outstanding89.1M92.6M109.6M99.3M85.9M107.2M
Liabilities And Stockholders Equity6.6B7.8B9.0B9.0B9.3B9.8B
Non Current Liabilities Total2.8B2.9B4.2B3.8B3.9B4.1B
Inventory2.2B2.0B2.3B2.8B2.8B3.0B
Other Stockholder Equity(914.4M)(726.0M)(1.9B)(2.4B)(3.0B)(2.8B)
Total Liab4.9B5.4B6.9B6.5B6.7B7.0B
Total Current Assets2.4B3.8B5.1B5.0B4.9B5.1B
Other Current Liab426.0M559.1M633.6M658.0M916.3M962.1M
Total Current Liabilities2.1B2.6B2.7B2.6B2.8B2.9B
Other Liab140.4M183.6M197.5M167.7M192.9M293.4M
Accounts Payable1.0B1.3B1.3B1.2B1.3B644.5M
Cash69.3M1.7B2.6B1.9B1.8B1.9B
Long Term Debt224.1M418.5M1.9B1.5B1.8B1.9B
Other Current Assets79.5M88.5M95.6M128.4M121.0M84.1M
Common Stock836K849K756K821K804K924.3K
Property Plant Equipment1.4B3.5B3.4B3.5B4.0B4.2B
Short Long Term Debt Total3.1B3.2B4.5B4.2B4.3B4.5B
Property Plant And Equipment Net3.7B3.5B3.4B3.5B3.9B4.1B
Current Deferred Revenue226.0M260.3M317.4M230.6M54.5M51.8M
Net Debt3.0B1.5B1.9B2.3B2.5B2.6B
Retained Earnings2.6B3.1B4.0B4.9B5.6B5.9B
Cash And Short Term Investments69.3M1.7B2.6B1.9B1.8B1.9B
Net Receivables58.9M59.5M70.2M79.5M119.0M60.9M
Short Term Debt423.0M472.7M480.3M546.8M492.9M517.5M
Common Stock Total Equity1.0M938K836K849K976.4K1.0M
Property Plant And Equipment Gross3.7B3.5B3.4B3.5B4.0B4.2B
Intangible Assets94.8M90.1M86.8M60.4M54.3M80.3M
Net Tangible Assets1.4B2.0B1.8B2.2B2.6B1.7B
Long Term Debt Total224.1M418.5M1.9B1.5B1.8B1.9B
Capital Surpluse1.3B1.4B1.5B1.4B1.6B1.2B

Dicks Sporting Investors Sentiment

The influence of Dicks Sporting's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Dicks. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Dicks Sporting's public news can be used to forecast risks associated with an investment in Dicks. The trend in average sentiment can be used to explain how an investor holding Dicks can time the market purely based on public headlines and social activities around Dicks Sporting Goods. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Dicks Sporting's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Dicks Sporting's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Dicks Sporting's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Dicks Sporting.

Dicks Sporting Implied Volatility

    
  24.66  
Dicks Sporting's implied volatility exposes the market's sentiment of Dicks Sporting Goods stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Dicks Sporting's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Dicks Sporting stock will not fluctuate a lot when Dicks Sporting's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Dicks Sporting in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Dicks Sporting's short interest history, or implied volatility extrapolated from Dicks Sporting options trading.

Pair Trading with Dicks Sporting

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Dicks Sporting position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dicks Sporting will appreciate offsetting losses from the drop in the long position's value.

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The ability to find closely correlated positions to Dicks Sporting could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dicks Sporting when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Dicks Sporting - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Dicks Sporting Goods to buy it.
The correlation of Dicks Sporting is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dicks Sporting moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dicks Sporting Goods moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Dicks Sporting can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Dicks Sporting Goods is a strong investment it is important to analyze Dicks Sporting's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Dicks Sporting's future performance. For an informed investment choice regarding Dicks Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dicks Sporting Goods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.

Complementary Tools for Dicks Stock analysis

When running Dicks Sporting's price analysis, check to measure Dicks Sporting's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dicks Sporting is operating at the current time. Most of Dicks Sporting's value examination focuses on studying past and present price action to predict the probability of Dicks Sporting's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dicks Sporting's price. Additionally, you may evaluate how the addition of Dicks Sporting to your portfolios can decrease your overall portfolio volatility.
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Is Dicks Sporting's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dicks Sporting. If investors know Dicks will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dicks Sporting listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.371
Dividend Share
4
Earnings Share
11.24
Revenue Per Share
157.765
Quarterly Revenue Growth
0.078
The market value of Dicks Sporting Goods is measured differently than its book value, which is the value of Dicks that is recorded on the company's balance sheet. Investors also form their own opinion of Dicks Sporting's value that differs from its market value or its book value, called intrinsic value, which is Dicks Sporting's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dicks Sporting's market value can be influenced by many factors that don't directly affect Dicks Sporting's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Dicks Sporting's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dicks Sporting is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dicks Sporting's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.